WALL STREET, NEXT WEEK

             
Financial Astrology for successful investors and traders"           

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WALL STREET, NEXT WEEK: MAY 21 2001
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

1. MARKETS
2. UP STARS/DOWN STARS
3. ASTRONUT
4. QUOTES
5. ON THE WEB
6. LETTERS

DON’T FIGHT THE FED; MARKETS LIKE TO CLIMB A WALL OF WORRY
Is NASDAQ 2200/DJIA 11,000 ready to become intermediate term support?
ALAN has used up five of his six bullets, while Bush is trying to fire his shotgun (Increased IRA/KEOGH contributions and Tax Cuts), while hoping to launch a missile attack by permitting some Social Security funds to be invested into the stock market.  Still, I am worried, and we are in the process of switching from moderately bullish to neutral (balanced) until the Summer Solstice Eclipse.  Protect- the summer will be long and hot for investors. I called my banker Tuesday at 2:16pm to re-negotiate our business loans and plan on raising cash allocations in portfolios.
          
A palace official confirmed last Tuesday that Crown Princess Masako was pregnant after nearly eight years of marriage to the heir to Japan's ancient throne. The pressure Masako has been under to give birth to a boy has prompted many to question whether the palace law should be amended to allow women on the throne. A clear intermediate term BUY JAPAN signal (EWJ). Also note this Saturday Morgan Stanley Capital International (MSCI) will unveil its new constituents and inclusion factors for its global indices.

HOPE FOR THE BEST; PREPARE FOR THE WORST:
While ONLY one forecast from our May 17, 2001 conference has come true- gold's move to $288 yesterday, many more will surely follow!  Platinum subscribers should visit May 2001 Forecasts ASAP.  All WSNW subscribers will have access to this information next weekend, while the public may view it later in June.  Mark your calendar now for our 10th Annual Astrology & Stock Market Conference.

KEYDATES:        MAY 22,25
DJIA:           11,000-11,665
NASDAQ:        2200 Floor/Ceiling Tests
NIKKEI:    R1 14,000 R2 14,500 R3 15,000
US BONDS:    Continue distribution

2.  Satyam Computer Services (SAT) became the 8th Indian ADR to list on the NY Stock Exchange on Tuesday May 15th.  First trade time was approximately 9:35:08am.  While we plan to upgrade India to an emerging market accumulate in 2002, SAY for technology buffs is overpriced, but a mildly attractive intermediate term speculative trading buy to 15.

3. Want to play Capitalistic carpetbagger?  The Athens stock exchange is planning to launch a new market in shares of companies based in Albania, Bulgaria, Romania and Macedonia. While we have to wait until the official opening of this “Eagek” market in order to study its horoscope, we would be willing to bet it will have a similar performance to the Hellenic Exchanges: UP, UP, UP and then crashing down like a riding a water slide.
PS Greece is introducing margin trading and short-selling because of an expected decision by Morgan Stanley to upgrade the Greek market from emerging to developed on May 31. The Olympics are in 2004- I believe they would be jumping the gun here.

Hair Emergency? Need advice on the best way to color your dog's hair so it would match your own?  Are you a newlywed seeking advice on how to conceal the fact that you color your hair from your husband?  Do you know that in the event of a hair color mishap, shampoo hair immediately with a clarifying shampoo? For more free expert Help call 800-CLAIROL or visit Clairol - Frequently Asked Questions . Bristol-Myers Squibb’s (BMY) is selling Clairol to either Procter & Gamble (PG) to fill a gap in their product lineup, or to Japan’s (KAOCY), who wants Clairol to gain clout with US retailers. As my wife does not use these hair products, I cannot recommend buying their stock, given that from a value perspective, today none offer compelling value.
PS Don’t forget: Always, always, always do the strand test before applying any hair color formulation!

4. "This thing really has legs. It's significant and you best not fight it. Institutions are now accumulating stocks, and they don't care about the bad news. They only care about the potential of good news down the road.
Gary Kaltbaum, market technician, Investors' Edge Partners
HW: True today, but wait until B(Bear) day in June!

“There will be very few signs of recovery in the second half. This economic slowdown will be protracted.”
Henry Cavanna, JP. Morgan Fleming Asset Management
HW. True, especially  given the upcoming Saturn opposition to Pluto this August to May 2002.

“We may have arrived at the bottom of the interest-rate cycle. There'll be a gap between cutting rates and recovering earnings, and that's where the market could founder.''
Stuart Fraser, manager, Brewin Dolphin Holdings
HW: That is precisely why we advised Alan to lower .25 and give a loose bias. But did he listen?

“It is now time to be more aggressive in buying stocks on corrections.”
John T McCamant  Medical Technology Stock Letter
HW: In selective stock sectors such as medical technology, I would agree.

5. “While we expect interest rates to rise slightly later in 2001, high yielding [>7%] yield REIT's are still appropriate investments for the upcoming Satturn-Pluto opposition cycle. We believe this sector is still attractive for the conservative long term investor, and current low valuations will offer some protection from a cyclical downturn that would likely accompany a slowing of the US economy in the future.  However, we do not recommend extensive exposure to commercial or shopping mall exposure until 2002….” WSNW subscribers, may visit REIT 2001 for more.

Economists: Rising personal debt poses growing threat.[http://www.cnn.com/2001/US/05/15/consumer.credit/index.html]

6. READER: Nice plug for this week's gathering in Barron's! It's good to see that the p.r. wheels are rolling. Wish I could be on hand for the festivities. Let me know how it goes.
HW:  It was fantastic.  Don’t miss our NY CONFERENCE 2002.

READER: The fed drops rates 50 basis points as expected, and hints that they might drop rates even further, and the market actually drops! so, now what!
HW:  Keep one eye on the exit door while dancing.  Slowly raise cash and watch the gold market next month.

READER: I was told that Steve Puetz has done some research in ref to market crashes and relationship to New Moons (May 22) that come in 6 weeks or less of a solar ecl.(June 21)... Have you heard of this   if so that would come in May 16..... or 17th... 6 days within a new moon that is 6 weeks or less from a solar ecl......
HW: Yes, there is some evidence of that, as well as a strong negative potential ahead of the June eclipse for this week.  However, that is not currently my bet, although in October 2000, I held more that view when I had expected Nasdaq to test AND hold 2200 in March. 

READER: Do you think this is a good time to buy AT&T as an intermediate hold? Also, what are you thoughts on IBM going forward?
HW: Lower interest rates do help big indebted companies like ATT, but ATT is hardly my first choice.  IBM could be, but I am waiting to (re) buy it closer to 106.  However, if you are very bullish on the markets past June, which I am not, then IBM is a first class choice.

READER: I still hold that NASDAQ could test 1492 level in the next six weeks or so. Technically the Charts show this bottom of 1492 is likely to be tested soon. Maybe in the next two/three months. What are your views on NASDAQ ?
HW: I believe the low was  March..  I don’t see it breaking 1800 again, and would be a rather heavy buyer there. However, I don’t see the economy itself doing very well for another year. We do expect another leg down in the Summer.

READER: Do you feel there could still be a rally from 5/20 (Sun into Gemini) through 6/20 (eclipse)?  Would Mercury going retrograde early June(?) affect this?
HW: We see lots of choppy markets, more than a real trend.  Each of those dates do mark potential short term market pivots.

READER: Why is all the trailing data necessary.  Your actual weekly report requires 3- 4 pages to print out but if you print it out as it is displayed we get 12 additional pages of computereze garbage.  This is not environment friendly. (save the trees)
HW: That is a problem ONLY with AOL which is not html friendly.  That is why we post in the premium area of our website upon mailing and you can print it from there without the extra html code that AOL does not correctly format.

READER: Elliott Wave Forecasts are very interesting and also scary. They say there is a super cycle that last bottomed in 1932, and it should be peaking soon. They predict that the DJIA will peak at about 13000, perhaps by the end of 2001, and then a depression could possibly follow. They also are predicting a bear market in NASDAQ that will last for years. Is this at all in line with astrological forecasts or your sense of the economy? It seems to go totally counter to Harry Dent's (Roaring 2000's) theory that the U.S. economy and markets will flourish until the baby boom generation peaks out on spending power.... around 2008 or 2009. What do you think of all this?
HW: Depends whether you believe God will be voting Republican or a Democrat in the 2002 midterm elections! ;)  I have my Moon in Libra, it wont be as good as Harry’s hopes, or as bad Elliot fears. That is why our advice is to HOPE FOR THE BEST, but PREPARE FOR THE WORST.

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PAST WALL STREET NEXT WEEK REPORTS
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Author: INVESTING BY THE STARS, THE STUDY OF ASTROLOGY,TRADING BY THE STARS (01)
May 17,2001 Ninth Annual Astrology & Stock MarketConference NYC 
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